Noida’s office market has recorded an 18 per cent rise in average rentals over the past six years, underscoring the city’s growing appeal as a corporate hub, according to a new report by Cushman & Wakefield.

In its study, Noida – Runway for Growth, the consultant noted that prime locations such as Sector 16 and Film City logged a sharper 29 per cent jump in rents, reflecting sustained demand and improving business infrastructure. As of September 2025, Noida’s office stock stands at 43.4 million sq ft, including 26.6 million sq ft of Grade A+ space.

The report shows average rentals now at Rs 70–72 per sq ft per month, up from Rs 59–61 in 2019. In the central business district, rents have climbed to Rs 110–112, while the expressway-aligned secondary business district (SBD-2) has risen to Rs 67–69 per sq ft. Sector 62 (SBD-1) has seen rentals move to Rs 61–63, and the primary business district (Sectors 1–10, 57–59) now stands at Rs 44–46 per sq ft.

Cushman & Wakefield expects this upward trend to continue, supported by strong leasing momentum. Between January and September, Noida recorded 3.3 million sq ft of gross office leasing—a figure projected to reach 4.7 million sq ft by year-end. Global Capability Centres (GCCs) accounted for around 1 million sq ft in the first nine months and are likely to close at 1.28 million sq ft by December 2025.

The consultant said Noida’s rising traction reflects the combined impact of new infrastructure, enhanced connectivity and the city’s increasing relevance as a preferred corporate destination.

News source: Business Standard